J.P. Morgan

J.P. Morgan orders up to four CSOVs at Ulstein

J.P. Morgan gas ordered two CSOVs and optioned two more

Norway’s Ulstein Verft reports that it has entered into two offshore wind farm Construction Service Operation Vessels (CSOVs) newbuild contracts with J.P. Morgan. The Ulstein SX222 design vessels were originally optioned under a two-plus-two contract placed with Ulstein by Bernhard Schulte Offshore in 2023. The two options have been transferred to institutional investors advised by J.P. Morgan Asset Management, who have declared them and optioned two further vessels.

“We are excited to add to...

https://www.marinelog.com/offshore/offshore-wind/j-p-morgan-orders-up-to-four-csovs-at-ulstein/

J.P. Morgan makes its first move into methanol-fueled newbuilds

The momentum towards methanol fueling continues to build. J.P. Morgan Global Alternative’s Global Transportation Group (JPMGTG) reports that institutional investors advised by it have concluded an order for two 49,800 dwt methanol dual-fueled methanol chemical IMO II medium-range (MR) newbuild tankers.

To be constructed at Guangzhou Shipyard International (GSI), in China, both vessels are scheduled to be delivered in 2026 and will be fixed on time-charter to TotalEnergies.

JPMGT says that the new...

https://www.marinelog.com/legal/shipping/j-p-morgan-makes-its-first-move-into-methanol-fueled-newbuilds/

FreightWaves SONAR data revealed global recession months before FedEx’s earnings

A container ship stacked with containers

In a note last Friday, September 16, J.P. Morgan reminded us that back in June it warned about a concerning drop in container volume out of China, based on FreightWaves SONAR Container Atlas data. 

Part of the J.P. Morgan note.

The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market.  

Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is...

https://www.freightwaves.com/news/freightwaves-sonar-data-revealed-global-recession-months-before-fedexs-earnings

Los datos de SONAR de FreightWaves revelaron la recesión mundial meses antes de las ganancias de FedEx 

A container ship stacked with containers

En una nota del pasado viernes 16 de septiembre, J.P. Morgan nos recordó que ya en junio advirtió de una preocupante caída del volumen de contenedores procedentes de China, basándose en los datos del Atlas de Contenedores SONAR de FreightWaves.  

Parte de la nota de J.P. Morgan.

La empresa tituló su informe del 3 de junio “Watching the China Freight Wave”, que cubría la desaceleración de los mercados de contenedores y advertía sobre la ralentización del mercado de flete doméstico de Estados...

https://www.freightwaves.com/news/los-datos-del-sonar-de-freightwaves-revelaron-la-recesion-mundial-meses-antes-de-las-ganancias-de-fedex

FreightWaves Classics: JP Morgan sought a trans-Atlantic monopoly

The SS United States, flagship of the United States Line. (Photo: united-states-line.org)

A recent FreightWaves Classics article provided an overview of J.P. Morgan’s activities in the U.S. railroad industry. This article will provide an overview of Morgan’s attempts to create an ocean shipping trust.

J.P. Morgan. (Photo: biography.com)J.P. Morgan. (Photo: biography.com)

Founding the IMM 

The shipping industry was prosperous in the late 19th century; this led some to attempt to create a trust or monopoly that would control major U.S. shipping companies. None of the efforts during the 1890s were successful, however....

https://www.freightwaves.com/news/freightwaves-classics-jp-morgan-sought-a-trans-atlantic-monopoly

Class I railroads outline 2021 projections, February weather impacts

A photograph of a Union Pacific facility at an industrial facility.

All of the publicly traded Class I railroads presented at investment bank JP Morgan’s industrial conference last week. Here are some themes expressed through the multiday event:

Weather dents February’s rail volumes and could impact first-quarter results

When the Class I railroads reported their fourth-quarter earnings results in January, they anticipated favorable volume expectations for 2021.

That outlook hasn’t changed for most, given rail volumes in January and March, but the severe weather...

https://s29755.pcdn.co/news/class-i-railroads-outline-2021-projections-february-weather-impacts

Nikola Tesla biopic sees a world his namesakes seek to create

Etyhan Hawke as Nikola Tesla

Electric truck makers Nikola and Tesla make news almost daily as they seek to transform over-the-road transportation. A new biopic on the late 19th and early 20th-century inventor from which they take their names suggests Nikola Tesla saw the world they envision.

IFC Films expects to release “Tesla” on Aug. 21. The biopic premiered in January at the Sundance Film Festival.

Hollywood Reporter reviewer David Rooney says director Michael Almereyda created an “aptly livewire account of an unknowable...

https://s29755.pcdn.co/news/nikola-tesla-biopic-sees-a-world-his-namesakes-seek-to-create

+ More